HomeMy WebLinkAbout1982-02 HA
.
.
.
.
.
.
.
.
RESOLUTION NO. 82-2
RESOLUTION AUTHORIZING EXECUTION OF SECTION 8
HOUSING ASSISTANCE PAYMENTS PROGRAM REVISED
MASTER SECTION 8 ANNUAL CONTRIBUTIONS CONTRACT
NO. SF-503 INCLUDING PROJECT NUMBER CA16-008
AND PROVIDING FOR THE DEPOSIT OF MONIES PURSUANT
TO A GENERAL DEPOSITARY AGREEMENT
WHEREAS, the HOUSING AUTHORITY OF THE CITY OF SANTA ANA
(herein called the "Public Housing Agency") proposes (1) to enter
into a Section 8 Housing Assistance Payments Program Master
Section 8 Annual Contributions Contract (herein called the "Contract")
with the United States of America (herein called the "Government");
and (2) to provide for the deposit of monies pursuant to a General
Depositary Agreement with a financial institution which is a
member of the Federal Deposit Insurance Corporation (herein
called the "Bank"); all with respect to any "Project" as defined
in the Contract, and which at any time, now or hereafter, is
incorporated under the terms of such Contract:
BE IS RESOLVED BY THE PUBLIC HOUSING AGENCY, AS FOLLOWS:
Section 1. The proposed Contract, designated "Section 8
Housing Assistance Payments Program Master Section 8 Annual
Contributions Contract," pursuant to the United States Housing
Act of 1937, as amended, is hereby approved and accepted both as
to form and substance, and the Chairman is hereby authorized and
directed to execute said contract in three counterparts on behalf
of the Public Housing Agency and to forward such executed counter-
parts to the Government, together with such other documents
evidencing the approval and authorizing the execution thereof as
may be required by the Government.
Section 2. The California First Bank and the Public
Housing Agency have previously entered into a General Depositary
Agreement, Form HUD-5l999A, dated September 4,1975, which provides
for the deposit of specified monies of ". . . one or more additional
low rent housing projects. . . ." The Public Housing Agency
hereby determines that pursuant to the terms of the Agreement the
aforenamed Bank shall be the Depositary for the Section 8 Housing
Assistance Payments Program established under the Contract herein-
above approved.
Section 3. The Chairman, Vice-Chairman or Executive
Secretary is hereby authorized and directed to file with the
Government from time to time as payments are required, requisitions,
together with the necessary supporting documents, requesting
periodic payments to be made on account of the Annual Contributions
Contract, and the proper officers of the Public Housing Agency
shall prepare, execute and deliver to the Government and shall
accept payment therefor from the Government and such persons are
authorized to do and perform all other things and acts required
to be deposited and disbursed only in accordance with the provisions
of the Annual Contributions Contract.
Section 4.
This Resolution shall take effect immediately.
ADOPTED, this ~ day of
following vote:
March
,1982, by the
AYES:
MEMBERS
Bricken, Luxembourger, Acosta, Serrato,
Griset, and Markel.
None.
~'"f"'.~ ~
CHAIRMAN, HOU ING AUTHORITY
NOES:
MEMBERS:
ABSENT:
MEMBERS:
ATTEST:
'¡;'~H~'
Executive Director